Pennant Technologies named as “Best Financial Technology Company, Asia“ for year 2010 by World Finance

Hyderabad, 18 June, 2010: Pennant technologies, a leading Technology Solutions and Services Company based in Hyderabad announced that it has won World Finance’s award for “Best Financial Technology Company, Asia” for the year 2010 at London stock exchange, London, United Kingdom.

World Finance awards are designed to emphasise the importance of IT as a key driver in business and to acknowledge and reward technology specialists working within the sector

World Finance recognises that Pennant Technologies are delivering the right fit and next generation business driven technology solutions that truly address the business challenges of the organizations.

In June 2010 in London World Finance magazine announced the results of the annual award in the category World Financial Technology Awards for 2010 and Pennant Technologies was announced as a winner in the nomination of “Best Finance Technology Company” in ASIA region.

The award aims to pinpoint the organizations excelled with strategic adoption of IT as key business enabler, is determined by a distinguished panel of judges gathered by the financial publication World Finance. Pennant excelled in criteria including Technical leadership, innovation, proof of development and continued progress to emerge number one in the “Best Financial Technology Company, Asia of the Year 2010”, category in World Finance Technology Awards 2010. Full on-line coverage is available at: http://www.worldfinance.com/awards/2010-technology-awards

Pennant Technologies is pioneered by a team of banking technology professionals, who have more than a decade experience in the Middle East banking space. Starting from 2006 till today, Pennant has been working closely with over ten leading banking majors of the Middle East delivering variety of technological solutions that truly addresses their business challenges.

“We feel honoured to receive this award from World Finance Magazine and especially we are delighted to receive this recognition from the industry’s top decision makers in an industry in which Pennant operates” – Ramakrishna Raju, CEO of Pennant

He further added “Pennant always focuses on delivering right fit and next generation solutions that truly address the business challenges of our customers using the technology as key business enabler and this award confirms our excellence in our focus. This award is affirmation from our clients that we deliver technology solutions and services aligned to their business needs and challenges.” He further added “This recognition acknowledges the tireless efforts and contribution of every member of our team.”

Building on decades of experience, Pennant is continually enhancing its service and solution offerings to provide our clients with new technologies that fuel performance and lead directly to improved business results.

About Pennant Technologies:
Pennant Technologies, a dynamic and innovative software solutions and services company providing end-to-end services and solutions to various clients across the world. With our deep domain expertise coupled with the technological insights, we have positioned ourselves to deliver business capability in-line with your expectations. We are fully aware of your imperatives to leverage IT investment and to effectively utilize the IT as capability builder. We help our clients to generate more value through an innovative approach by delivering the business capability with well-integrated supporting technologies.

About world Finance Awards:
The World Finance Technology awards are designed to emphasise the importance of IT as a key driver in business and to acknowledge and reward technology specialists working within the sector. World Finance editorial board used as their criteria databases, networked computer clusters, back-office operations, derivative securities, regulation, compliance, bootstrap statistics, optimisation and risk management. In addition to soliciting the votes of users of the World Finance website, the magazine also gathers the votes of its 40,000 readers, who represent top industry decision-makers worldwide. World Finance is a leading provider of financial news, which reaches 120,000 key decision-makers around the world. The magazine will publicize this year’s award recipients in the July/August 2010 issue.

For further information, go to http://www.worldfinance.com the latest economic and financial commentary from around the globe. Also, see our videos, at http://www.worldfinance.tv, where some of the latest opinion videos are showcased. World Finance is published by World News Media. World News Media is a leading publisher of quality financial and business magazines, enjoying a global distribution network that includes subscriber lists of the most prominent and senior decision-makers around the world.